SHS +
ActiveThe computed 12-month bankruptcy probability of SHS + is 1.7% (moderate). The 2025 annual accounts show equity of €84k and a net result of €-1k. Equity is growing by ~7% per year across the filed fiscal years. Its solvency ranks better than 30% of 2906 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-82
Solvency40▲+4
Growth52=
Stability100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.09 against 0.72 in 2024), and 74.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
25.4%
Return on assets
-0.4%
Age of the figures
14 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 13-02-2026, 13 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
13 d late
2024
on the day
2023
on the day
2022
18 d early
2021
60 d early
2020
2 d early
2019
3 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close04-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€84k▼ 1.7%
2024 · €85k
2023: €72k
2024: €85k
2023 → 2025
Total assets
€331k▲ 5.4%
2024 · €314k
2023: €374k
2024: €314k
2023 → 2025
Net result
€-1k
2024 · €14k
2023: €23k
2024: €14k
2023 → 2025
Working capital
€6k
2024 · €-10k
2023: €-23k
2024: €-10k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€72k-€85k▲ 18.2%€84k▼ 1.7%
Operating result€35k-€21k▼ 40.5%€4k▼ 78.8%
Net result€23k-€14k▼ 38.6%€-1k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 79% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €331k
Fixed assets
€266k▼ 7.8%
Current assets
€65k▲ 156%
Equity and liabilities €331k
Equity
€84k▼ 1.7%
Debt
€247k▲ 8.0%
The debt ratio rises from 72.8% to 74.6%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€29k▼
2024 · €49k
Cash flow
€23k▼
2024 · €42k
Solvency
25.4%▼
2024 · 27.2%
Current ratio
1.09▲
2024 · 0.72
Quick ratio
1.09▲
2024 · 0.72
Debt / equity
2.94▲
2024 · 2.67
ROE
-1.7%▼
2024 · 16.4%
ROA
-0.4%▼
2024 · 4.5%
Interest coverage
4.60▼
2024 · 8.58
Debt
€247k▲
2024 · €229k
Debt ≤ 1 year
€59k▲
2024 · €35k
Debt > 1 year
€187k▼
2024 · €193k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Total assets
20/58€314k€331k▲
Fixed assets
21/28€289k€266k▼
Tangible fixed assets
22/27€289k€266k▼
Current assets
29/58€25k€65k▲
Amounts receivable within one year
40/41€12k€23k▲
Cash & bank
54/58€10k€14k▲
Total equity & liabilities
10/49€314k€331k▲
Equity
10/15€85k€84k▼
Contributions / capital
10/11€6k€6k=
Reserves
13€39k€39k=
Accumulated profits (losses)
14€41k€39k▼
Amounts payable
17/49€229k€247k▲
Amounts payable after one year
17€193k€187k▼
Amounts payable within one year
42/48€35k€59k▲
Trade debts payable within one year
44€5k€27k▲
Income statement
Code20242025
Gross operating margin
9900€52k€33k▼
Operating result
9901€21k€4k▼
Financial income
75€44€376▲
Financial charges
65€6k€6k▲
Result before taxes
9903€15k€-1k▼
Income taxes
67/77€1k-
Net result for the period
9904€14k€-1k▼
Result to be appropriated
9905€14k€-1k▼
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 13 days late
2025
30-06
Financial
Weakest financial yearnet €-1k ▼110%
Net result drops to €-1k, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
02-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 118 days late
2018
03-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 245 days late
26-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 391 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
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Of 9,517 companies in sector 43222 we hold annual accounts for 5,476. 4,726 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded25-11-2013
Fiscal year end30-06
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 16-07-2026. Scores and ratios are computed by Checked and are not a credit decision.